Quant’s Rollercoaster: Is It a High or Just a High-Flying Mirage? 🎢💸

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  • QNT soared by a staggering 10.65% in the last 24 hours. Who knew crypto could fly?
  • Quant’s fundamentals scream “profit-taking!” as holders seem to be playing hide and seek with conviction.

In a dramatic twist worthy of a soap opera, Quant [QNT] has risen from a local low of $93 to a dazzling three-month high of $108. Talk about a glow-up!

As of now, Quant is trading at $106, marking a 10.65% increase over the past day. During this wild ride, trading volume skyrocketed by 606%, reaching a jaw-dropping $71 million. Someone call the paramedics; this market is on fire! 🔥

In the spot market, volume surged by 346.9%, climbing to $40.2 million, with both buyers and sellers engaging in a dance of market activity. 💃🕺

Buyers scooped up 27K QNT tokens, while sellers offloaded 26K QNT, proving that the market is as lively as a Saturday night party.

Meanwhile, the Futures market is buzzing, with Quant’s Open Interest rising by 41% to $22 million, according to CoinGlass data. Investors are clearly strategizing like chess grandmasters, whether they’re going long or short.

But hold your horses! Despite the Futures frenzy, most investors seem to be betting against the trend. Quant’s Funding Rate (FR) has plummeted into negative territory, even as prices and volumes continue to rise. It’s like watching a magician pull a rabbit out of a hat—only the rabbit is a bear! 🐻

As of now, the FR has hit a monthly low, indicating a bearish sentiment among futures traders. It’s like they’re all wearing dark sunglasses at a sunny beach party.

This bearish signal suggests that most investors are entering the market with short positions. It’s like they’re preparing for a storm while everyone else is sunbathing.

Despite the growing demand for shorts, the surge in futures activity seems to be driven by selling volume. While Futures sell volume is declining, it still outpaces buy volume, with 6K sell orders compared to 3K buy orders. It’s like a game of musical chairs, and everyone’s trying to sit down before the music stops!

The spot market reflects a similar trend, with exchange inflows surpassing outflows. Despite rising prices, sellers have offloaded $1.1 million worth of Quant, signaling significant profit-taking by investors who’ve been holding their breath since February. 😅

This price increase, coupled with bearish sentiment, raises eyebrows about Quant’s future trajectory. Will it soar or crash? Only time will tell!

What’s next for QNT

According to AMBCrypto’s analysis, Quant is experiencing strong upward momentum, but market sentiment is still playing hard to get. It’s like a romantic comedy where the leads just can’t seem to get together!

The altcoin’s MACD and RSI bullish crossovers confirm strong upward momentum. The RSI crossover indicates a surge in buyer pressure, with buyers firmly controlling the market. Meanwhile, the MACD crossover reinforces this demand, signaling that the uptrend is likely to continue. It’s like a love story unfolding before our eyes!

The bullish crossovers suggest that speculators have entered the market, driving prices higher over the past day. If they keep this up, Quant could rally to $113. But hold your applause; conviction buyers have yet to step in, and overall market sentiment remains cautious.

Meanwhile, increased selling activity on exchanges indicates that holders are taking profits. If this trend continues, the uptrend may be short-lived, and QNT could retrace to $98. It’s like a rollercoaster ride—thrilling, but you might want to keep your hands inside the vehicle at all times!

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2025-05-27 16:11